Colorado Springs Charter Academy
- Assets
- $3.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 96
- Location
- Colorado Springs, CO
- Founding
- 01/2006
- Data as of
- 06/2023
- EIN
- 20-1227921
Organization Overview
Colorado Springs Charter Academy is located in Colorado Springs, CO. The organization was established in 2006. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Colorado Springs Charter Academy employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Charter Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Colorado Springs Charter Academy generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE THAT OUR CHILDREN NEED A CHALLENGING, STIMULATING, AND MOTIVATING ENVIROMENT TO FULFULL THEIR TRUE POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Smith Board Member | Trustee | 3 | $0 |
Bobby Adams Board Member | Trustee | 3 | $0 |
Jill Gaebler Vice President | OfficerTrustee | 3 | $0 |
Sarah Shaffer Secretary | OfficerTrustee | 3 | $0 |
Christopher Hayward Board Member | Trustee | 3 | $0 |
Asther Klein Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $599,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,053 |
| Total Program Service Revenue | $3,121,503 |
| Investment income | $22,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,410 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,790,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,838,982 |
| Pension plan accruals and contributions | $316,477 |
| Other employee benefits | $107,736 |
| Payroll taxes | $30,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,380 |
| Fees for services: Accounting | $57,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,654 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $760,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,844 |
| Insurance | $49,937 |
| All other expenses | $50,526 |
| Total functional expenses | $3,732,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,374,829 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,075 |
| Accounts receivable, net | $44,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $694,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,093,037 |
| Total assets | $3,284,540 |
| Accounts payable and accrued expenses | $118,982 |
| Grants payable | $0 |
| Deferred revenue | $22,019 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,828,988 |
| Total liabilities | $6,010,508 |
| Net assets without donor restrictions | -$2,880,168 |
| Net assets with donor restrictions | $154,200 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,284,540 |